Tag: news

All eyes on ECB's Draghi to fight crisis

Posted on by The INO.com Team

European Central Bank president Mario Draghi has already taken Europe's monetary authority into uncharted territory.

Now, with the debt crisis in Europe threatening further disaster, he may have to push it even farther into the unknown to save the euro.

The 17 countries that use the euro are struggling as economies across the region face deepening recessions. Spain and Italy, the two chief trouble spots, are threatened with a financial collapse that could tear the 13-year old currency union apart and rock the global economy. Continue reading "All eyes on ECB's Draghi to fight crisis" →

US futures flat ahead of Geithner-Draghi meeting

Posted on by The INO.com Team

U.S. stock futures were flat Monday as Treasury Secretary Timothy Geithner headed to Europe, where the latest economic data suggested a tricky path to recovery.

Dow Jones industrial futures fell 20 points to 13,013 and the broader S&P futures gave up 3.4 points to 1,379.10. Nasdaq futures gained 2.75 points to 2,644.75. Continue reading "US futures flat ahead of Geithner-Draghi meeting" →

Rally On Wall Street Drives Dow Back Above 13,000

Posted on by The INO.com Team

(RTTNews) - Stocks moved sharply higher over the course of the trading day on Friday, adding to the strong gains posted in the previous session. The markets benefited from some relatively upbeat U.S. economic data as well as the latest news out of Europe.

The major averages ended the day firmly in positive territory, with the Dow closing above 13,000 for the first time in well over two months. The Dow jumped 187.73 points or 1.5 percent to 13,075.66, the Nasdaq soared 64.84 points or 2.2 percent to 2,958.09 and the S&P 500 spiked up 25.95 points or 1.9 percent at 1,385.97. Continue reading "Rally On Wall Street Drives Dow Back Above 13,000" →

Will stocks extend yesterday's rally?

Posted on by The INO.com Team

(RTTNews) - After moving sharply higher in the previous session, stocks could see some further upside in early trading on Friday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 31 points.

The markets may benefit from the release of a report from the Commerce Department showing that the U.S. economy grew by more than anticipated during the second quarter. Continue reading "Will stocks extend yesterday's rally?" →

Dow jumps 212 Points on ECB Vow

Posted on by The INO.com Team

(AP:NEW YORK) It was the buy signal that markets were waiting for.

When European Central Bank president Mario Draghi vowed to "do whatever it takes" to keep the continent's monetary union intact, stocks were off to races in the U.S. and Europe.

The Dow Jones industrial average on Thursday jumped 212 points, or 1.7 percent, to 12,888 following big gains in European markets. Benchmark stock indexes in Spain and Italy surged 6 percent and 4 percent in France. Continue reading "Dow jumps 212 Points on ECB Vow" →